KaloBios (KBIO) Files For Bankruptcy After Ousting Shkreli

30DecDecember 30, 2015

KaloBios (KBIO) Files For Bankruptcy After Ousting Shkreli

KaloBios Pharmaceuticals filed for Chapter 11 bankruptcy Tuesday night, as first reported by ValueWalk, within two weeks of CEO Martin Shkreli’s arrest on securities fraud.

The drug maker’s latest move comes on the heels of its appeal of Nasdaq's decision to delist its shares.

KaloBios files for bankruptcy
KaloBios listed assets and liabilities in the range of $1 million to $10 million in a

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Author

Mani

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports

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